Sociology Index

Neoliberalism

Books On Neoliberalism, Classical Liberalism, Liberalism

Neoliberalism is basically a term for economic liberalism. Neoliberalism calls for economic liberalization, free trade and open markets. Neoliberalism was introduced by liberal scholars to promote a new form of economic, political and societal liberalism.

Neoliberalism is the doctrine that market exchange is an ethic in itself, capable of acting as a guide for all human action, and has become dominant in both thought and practice throughout much of the world since about 1970.

Anchored in the principles of the free-market economics, "neoliberalism" has been associated with such different political leaders as Ronald Reagan, Tony Blair, Augusto Pinochet, and Junichiro Koizumi.

During the late 1990s, neoliberalism emerged as the world's dominant economic paradigm, stretching from the Anglo-American heartlands of capitalism to the former communist bloc.

Now neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by the worst financial calamity since the 1930s.